$RENDER - chart request:
The short term price is bullish [H4 - H1] đ BUT;
The price made a 50% pump in 5 days, and it's now facing a key resistance zone daily! â ïžâ ïž
There is also a bearish divergence RSI [H4], indicating that buyers are becoming weaker!â ïž
I don't think that the price will break above 6.800$ And think that a pull back and a bearish correction will take place soon!
âĄïžAs the short term uptrend is still strong, A possible scenario would be a final pump toward 6.800$ or the double top at 6.500$ then a correction toward the 5.700$ support zone! đđš
Possible scenario in the chart! [Important levels too]!
đĄTips:
A safer way to enter a short position is to wait for the 5-day downtrend to break and retest!
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